107 South Lynn Street

107 South Lynn Street has been categorized by the local assessors in Urbana, IL as a residential type of property. The building on the property was first built in 1903 and is 121 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. The linear feet between the front and back of the lot is 890 ft and across the front of the lot is 660 ft. The area measurement of the land has been determined as 5,874 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as poor. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of materials that we aren't sure of. The exterior walls of the building are made of stucco. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a central heating system. The property was last sold in Apr 8, 2022 for $107,000. That's $124.42 per sqft. Prior to that sales transaction, the property was also sold in Aug 30, 2019 for $60,000. 107 South Lynn Street was last assessed in 2022. The total value of the property was assessed at $22,100. Specifically, the land the property is located on was valued at $9,290. While improvements on the property were assessed at a total of $12,810. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,392. The initial tax year of delinquency was in 2021. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.